by Big Wave Trader | Nov 21, 2014
Early morning selling gave way to buyers as this market continues to shake off potential distribution days. Volume ended the day on the downside today, but with options expiry tomorrow we should see volume jump. We continue to see what appears to be an overbought...
by Big Wave Trader | Nov 20, 2014
Early trading was dominated by sellers as this market continues to operate in overbought conditions. Morning lows saw buyers respond pushing the market above the midpoint of the session. All eyes would point to the release of the latest Federal Reserve meeting...
by Big Wave Trader | Nov 19, 2014
The unrelenting stock market rally continues to push higher with the NASDAQ finishing higher leading all major stock market indexes. Volume was mixed with the NASDAQ experiencing lower volume while volume jumped higher on the S&P 500 (MarketSmith shows lower...
by Big Wave Trader | Nov 18, 2014
News Japan slid into another recession sent futures lower as the Nikkei fell more than 2% in overnight trading. Mixed economic news did very little to move futures in one direction or another. Early morning push higher was met with a fierce, but brief selling...
by Big Wave Trader | Nov 16, 2014
The Big Wave Trading portfolio remains under a BUY condition across the board, as stock indexes continued to move higher last week. While this market is overbought on many different oscillators I follow on a daily basis, the weekly oscillators remain well off...
by Big Wave Trader | Nov 14, 2014
The market had some giddy up during the early going as buyers were out pushing the market higher. Just as it appeared buyers would hold the upper hand in a flash the market erased its gains. Most notably were small cap stocks as the Russell 2000 came under heavy...